-The Times of India NEW DELHI: Soon, the last-mile connectivity in remote villages of the country's backward pockets may be provided by transport services run by women's Self Help Groups. The Centre is working on a scheme to provide interest-free loan to women's SHGs to enable them to buy vehicles and hire drivers. These vehicles will serve as public transport to villages not connected to the main town by any such service....
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Farmers' protest in Maharashtra, MP: Both BJP-ruled agrarian states need long-term policy measures -Nalini R Mohanty
-Firstpost.com After Maharashtra, Madhya Pradesh has now been rocked by farmer unrest. At least six farmers were killed and eight others were critically injured on Tuesday when the police resorted to firing to subdue the protesting farmers in Mandsaur in Madhya Pradesh. In both Maharashtra and Madhya Pradesh, the farmers’ demands are almost similar: they want complete farm loan waiver as a short-term palliative and secondly, institutionalised mechanism for getting better prices...
More »El Nino threat dips, met department ups rain forecast
-The Times of India NEW DELHI: The weather office expects good rainfall across the country this year. It is expected to touch 98% of the long term average (LPA), the India Meteorological Department (IMD) said on Tuesday , raising hopes of increased rural demand for goods leading to overall economic growth. The latest monsoon forecast is marginally higher than the IMD's earlier estimate of 96%. There's little chance of an El Nino...
More »How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of growth of bank credit was 12.1%. That...
More »Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
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